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Feb 28, 2013
02/13
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impact would be -- it would have a major impact on the city, especially at the top. what does it mean for the banks? what does it mean for the potential returns when you look at comp and return on investment for, you know, return investment capital for some of these financial names? >> look, if you're freezing pay bonuses at one times salary, which for the investment bank is quite a dramatic change, what will the reaction be? obviously, a lot of people leaving banks or you'll see -- which i suspect you'll also get an awful lot of complex pay deals coming up. >> that, too. >> and there's a lot of ways to try and get around it. >> credit suisse and some are trying to pay with derivatives. there may be different kinds of comp. but if you're talking about the best and the most talented, you could argue about that in the banking sector always. but those employees, if they're basically looking at this saying, i can go to singapore, hong kong, new york and get my traditional bonus structure that i want, why wouldn't they do that? >> or what you might get is a lot of people
impact would be -- it would have a major impact on the city, especially at the top. what does it mean for the banks? what does it mean for the potential returns when you look at comp and return on investment for, you know, return investment capital for some of these financial names? >> look, if you're freezing pay bonuses at one times salary, which for the investment bank is quite a dramatic change, what will the reaction be? obviously, a lot of people leaving banks or you'll see -- which...
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Feb 25, 2013
02/13
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real estate was under pressure after the city government imposed higher loans. the kospi ended weaker by 0.5%. australia's asx 200 moved back towards its 4 1/2 year high gaining 0.8%. as we had the strong gains in retail and financial stocks. india's sensex are trading higher by about 0.25%. back to you. all right. thanks for that, sixuan. catch you later. >>> still to come on the program will be adam barcelona. taking a look at the hottest trends in the space, find out what the ceo of deutsche has to say about the challenges of taking on the american market. kelly is there. she'll join us in just a few moments. >>> the mobile world congress is under way in barcelona. there's a new hand set based on its firefox web browser for mozilla. the reason i'm on my own is because kelly is there getting all mobile and wired and super fast. hi, kel. >> ross, it is great to see you guys out here in barcelona. i wish i could say the weather is a little warmer. it's surprisingly chilly here. and the chilly economic environment across europe also having an impact. some of the
real estate was under pressure after the city government imposed higher loans. the kospi ended weaker by 0.5%. australia's asx 200 moved back towards its 4 1/2 year high gaining 0.8%. as we had the strong gains in retail and financial stocks. india's sensex are trading higher by about 0.25%. back to you. all right. thanks for that, sixuan. catch you later. >>> still to come on the program will be adam barcelona. taking a look at the hottest trends in the space, find out what the ceo of...
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Feb 19, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> welcome back to the program. european central bank president mario draghi is concerned that a strong euro, which has gained 8% against the dollar may weaken the fragile eurozone economy is raising the easing to the currency's appeal. what will draghi do next? find out what our analysts are saying at cnbc.com. especially after today went after that strong zew data, we're seeing the euro firm again. >> yeah. and they've managed to deal with the consequences of fourth quarter gdp. they've parked that issue. growth, of course, is very much the subject of the italian elections. the prime candidates involved. sylvia berlusconi has released his five-point tax plan in a last-minute attempt to lure voters. but it helps emphasize the difference between the new and the old guard of italian politics. julia is in milan as we count down to these elections. jules, what is in their five-point tax plan? >> well, you know, i've picked out a couple of the points that i think are pr
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> welcome back to the program. european central bank president mario draghi is concerned that a strong euro, which has gained 8% against the dollar may weaken the fragile eurozone economy is raising the easing to the currency's appeal. what will draghi do next? find out what our analysts are saying at cnbc.com. especially after today went after that strong zew data, we're...
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Feb 22, 2013
02/13
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no take on the public finances and we can drive new business into our city. >> james, thanks very much for coming by. >> thank you. >>> today is the last trading day until the italian election on sunday. how will markets react to the outcome? julia just spoke to the ceo of borsi italiana. is it snowing there? >> yes. it's very pretty, isn't illustrate? but i can tell you, it's absolutely freezing. now, i did speak to the ceo of borse italiana. first, i want to show you one of the headlines suggesting that the parties are fearing the polls right now. what we're seeing is that beppe grillo has actually now, according to one of these secret polls, pulled ahead of sylvia berlusconi. interesting question, of course, what this means for a future coalition because mario monti has not seen in the secret surveys to have increased his number of votes at all. so question marks over whether they're going to be able to get enough votes to form any coalition here. as you can imagine, plenty of uncertainty here and that's one thing thatdy talk to the ceo about. how concerned is he about the process b
no take on the public finances and we can drive new business into our city. >> james, thanks very much for coming by. >> thank you. >>> today is the last trading day until the italian election on sunday. how will markets react to the outcome? julia just spoke to the ceo of borsi italiana. is it snowing there? >> yes. it's very pretty, isn't illustrate? but i can tell you, it's absolutely freezing. now, i did speak to the ceo of borse italiana. first, i want to show...
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Feb 15, 2013
02/13
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and the same story you were saying around the rest of the asian economies. so that translates into consumer goods and at the top end luxury brands. china is building 221 new cities from now to 2025. so there is a huge demand for the basic kind of commodities that is building roads, bridges, highways, motor base and so on and so forth. so i think there is a market for some of the dmodties there. and that, of course, is the asian profile in the region as the company size, as the family size is dwindling. so that, again, translates to demand for health products, lifestyle products and so on. so i think there is a lot of the positive area to look forward to in the region. >> andrew, we've been talking a lot, of course, about currency today with the g-20, as well. will currency have a factor to play on m&a? i'm presuming if your country is strengthening or weakening, that changes the economics quite a lot. >> yeah, sure. as i was saying in the beginning, the whole world is printing money. so certain currencies are -- especially the japanese yen on a down turn. an
and the same story you were saying around the rest of the asian economies. so that translates into consumer goods and at the top end luxury brands. china is building 221 new cities from now to 2025. so there is a huge demand for the basic kind of commodities that is building roads, bridges, highways, motor base and so on and so forth. so i think there is a market for some of the dmodties there. and that, of course, is the asian profile in the region as the company size, as the family size is...
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Feb 18, 2013
02/13
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some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> italy's mario montanaty is calling on the candidates to appear in a televised debate as he's struggling to gain ground in his first ever campaign. jules is in milan. anybody nibbling at his debate idea, jules? >> well, what we've seen is that he's in fourth place behind berlusconi, behind the comedian becky grillo and wind the man that's most likely to win right now, mr. bersani of the democratic party. but i think the important thing to point out here is there's still a third of voters out there that haven't made a decision, in part because of the scandals we've had in the last few months making it difficult for people to decide. for mario monti's point of view, it can't hurt. berlusconi came out immediately and said he's not willing to face mario monti. he doesn't want questions on his economic policy. but one of the things that gets banded around here is if he's more interesting in addressing his legal issues. you know, my accepts from that is that actually, d
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> italy's mario montanaty is calling on the candidates to appear in a televised debate as he's struggling to gain ground in his first ever campaign. jules is in milan. anybody nibbling at his debate idea, jules? >> well, what we've seen is that he's in fourth place behind berlusconi, behind the comedian becky grillo and wind the man that's most likely to win right now,...
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Feb 1, 2013
02/13
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i thought it was nomura city. whichever bank, i apologize. talking about spanish gdp by 4%. >> one shouldn't exaggerate. span entered the crisis in a relatively comfortable position debtwise. the problem is, the scale of the economic downturn and the fact that the -- the costs of the bank bailout have been basically settled, have saddled spain to even higher debt. that's clearly undermined spain's creditworthiness. >> the thing is, is what we're seeing here just something that's going on in january? because with such easy money in the world and the fact that if you're a fixed income investor, real returns are negative. are we driving fixed income investors not just in the sovereign market, but, you know, they're not going to -- they can't switch out of fixed income into equity. we talk about them looking at structured credit now seems to be flying, investment grade is overvalued. i wonder if that's what's going on here, if you can find the spanish debt at 5%, it's still better than other stuff you could buy. >> what we're seeing here is a shi
i thought it was nomura city. whichever bank, i apologize. talking about spanish gdp by 4%. >> one shouldn't exaggerate. span entered the crisis in a relatively comfortable position debtwise. the problem is, the scale of the economic downturn and the fact that the -- the costs of the bank bailout have been basically settled, have saddled spain to even higher debt. that's clearly undermined spain's creditworthiness. >> the thing is, is what we're seeing here just something that's...
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Feb 4, 2013
02/13
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tina, from citi, she's been taking a look at what the president has to do, i guess, in his second term or what he's expected to do. what i loved was your point, how did you put it? fiscal deals or compromise tend to disappear in washington like -- >> the bermuda triangle. >> you don't have high hopes for compromise here? >> no. most politicians in the developed world, and the u.s. very much within this, it's not going to see -- i'm not going to provide fertile ground for grand bargains. politicians like to talk about it. this is their way of saying, we're ready to do a deal, but it's those guys, they won't compromise. we think we'll see more of this piecemeal last minute compromises. >> and we're fating critical issues in the u.s. people might be aware of the fiscal cliff, but there's the continuing resolution, there's the sequester that goes into effect march 1st. should we hold our breath for compromise here? and, again, the issue is being forced because these are situations in which if there's no action, something still happens. >> that's right. that's why we think it's really impor
tina, from citi, she's been taking a look at what the president has to do, i guess, in his second term or what he's expected to do. what i loved was your point, how did you put it? fiscal deals or compromise tend to disappear in washington like -- >> the bermuda triangle. >> you don't have high hopes for compromise here? >> no. most politicians in the developed world, and the u.s. very much within this, it's not going to see -- i'm not going to provide fertile ground for grand...